The Tax Court has held that in the absence of an effective employment or noncompete agreement at the time of liquidation
distributing customer-based intangibles to the shareholders is not a taxable event to either the corporation or to the individuals (Norwalk v.
In either case, the distribution could qualify as a partial liquidation
5 million as of January 31, 2004; however, it is not classified as restricted or as a liability in the Statement of Net Assets in Liquidation
will file with the Securities and Exchange Commission a proxy statement and other documents regarding the proposed asset sale and plan of liquidation
referred to in this press release.
UMP was Australia's largest medical-malpractice insurer when it entered provisional liquidation
00 per share on November 1, 2001 under the plan of liquidation
and dissolution adopted by the Corporation's shareholders in October 2000.
If the stock is property that was previously the subject of an intercompany transaction, the section 338(h)(10) transaction causes gain on the subsidiary's assets to be taken into account, and the deemed liquidation
causes the deferred gain on the prior stock sale to be taken into account.
real property interests distributed in the liquidation
Total liabilities and minority interests of $59,231,793 at September 30, 2006 was comprised of the reserve for estimated costs during the period of liquidation
of $20,837,482, mortgage notes and construction loans payable of $23,584,254, the reserve for option cancellations of $2,711,000 and construction payables, other accruals and liabilities and minority interests aggregating $12,099,057.
1361-1(1)(1), a corporation has more than a single class of stock (SCOS) if all outstanding shares do not confer identical distribution and liquidation
28, 2001, the Ohio Department of Insurance placed the company in liquidation
com with over 60,000 active DRMS buyers on Government Liquidation
providing any governmental agency or business with the largest possible pool of buyers for their surplus.